FOR IMMEDIATE RELEASE
Contact: Jessica Neuman
IDEA HALL
(714) 436-0855 ext. 31
jessica@ideahall.com
Buchanan Street Partners Commits $10 Million in Equity for the Development of Mesquite Business Center
- Warehouse/Distribution Industrial Development Planned with Mesquite Business Center in Texas
Newport Beach, CA and Mesquite, TX (October 19, 2006) - Buchanan Street Partners, a national
real estate investment bank, committed approximately $10 million in equity for the $28.2 million
development of the Mesquite Business Center in Mesquite, TX. Buchanan Street invested with Houston-based
Transwestern. The ground-up development is comprised of three warehouse/distribution industrial buildings
totaling 555,200 square feet on approximately 32.6 acres.
The property is located just 13 miles east of downtown Dallas with close proximity to the IH-20, IH-30,
IH-635, and U.S. Highway 80, situating the property to take advantage of the strong distribution traffic
flows created by the nearby Union Pacific Intermodal yard. Construction is estimated to be completed in
nine months.
"Mesquite is known as an industrial and retail powerhouse and we anticipate this market will continue
to experience positive growth as new tenants arrive and existing tenants expand," said Kristin Olson,
senior vice president of Buchanan Street Partners' Newport Beach office. "Also, Mesquite claims one of
the largest intermodal facilities in the country which has added over 3.5 million square feet of
industrial/office space and will escalate the value of surrounding properties."
About Buchanan Street Partners…
Buchanan Street Partners is a national real estate investment bank
that provides real estate capital for owners and developers and investment management for institutions
and private investors. The firm's investment banking services include debt and structured finance and
investment sales for commercial, multi-family and hotel properties. Offices are located in Newport Beach,
Los Angeles, San Francisco, Chicago, Atlanta and greater Washington D.C.
About Transwestern…
Transwestern, one of the largest privately held commercial real estate
firms in the U.S., is focused on creating value for our clients in each local market we serve.
Transwestern's unique business model offers fully integrated real estate services and operates through
six distinct functional lines of business: development, tenant advisory, investment services, agency
leasing, property management and research for a broad range of property types including office,
industrial, retail, healthcare and multifamily. For more information on Transwestern, please visit
transwestern.net.
